Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Budget committee places $5 million HOPE SF deposit on reserve, asks for more detail
Summary
The Board—s Budget & Finance Committee voted to reserve a $5 million HOPE SF seed contribution and send related budget items to the full board, while asking the mayor—s housing office for more project-level details and protections against resident displacement.
The Budget and Finance Committee of the San Francisco Board of Supervisors on June 25 voted to place a $5,000,000 deposit for the mayor—s HOPE SF public-housing revitalization fund on reserve and sent related budget items to the full board with recommendation.
Doug Shoemaker of the Mayor—s Office of Housing told the committee the $5 million is intended to leverage roughly $95 million in capital — principally through property, transfer and construction-related tax streams and certificates of participation — to rebuild about 800 to 900 of the city—s most distressed public-housing units. Shoemaker said the package also includes a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
